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CC PACKET 02232021
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CC PACKET 02232021
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2/18/2021 2:54:48 PM
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THE VALUE OF MUNICIPAL LIQUOR OPERATIONS <br />•“Without municipal liquor profits, cities would need to either reduce their budgets <br />or increase their fees and property taxes.” <br />•“In general, they do not operate any differently than a private liquor store.” <br />•“Municipal stores must abide by the same laws and three‐tier distribution model.” <br />•“Residents also benefit from a publicly owned asset that generates an economic <br />return on equity and capital, putting taxpayer dollars to productive use.” <br />‐Valuation Viewpoints, Shenehon Business & Real Estate Valuations <br />THE VALUE OF ST. ANTHONY VILLAGE WINE AND SPIRITS <br />Our profits are transferred to the <br />General Fund and can be used to: <br />•Provide property tax levy relief. <br />•Provide funds for equipment <br />purchases for Police, Fire and Public <br />Works departments. <br />•Supplement General Fund purchases. <br />17
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